The Bureau of Labor Statistics (BLS) reported slightly lower job numbers than anticipated for December 2017. However, the national employment rate remained unchanged and wages saw a slight uptick going into 2018.
Tax law changes, coupled with minimum wage legislation in some states, should have a positive impact on low wage workers in 2018, although not enough to truly move the needle to a meaningful extent. HRDive reports the big winners are workers in hard-to-fill positions who are able to demand top dollar for their skills.
Other factors are also influencing the labor market in early 2018. According to Randstad Sourceright CEO Rebecca Henderson, many employers are turning to the contingent workforce in response to uncertainty. Hiring talent on-demand can not only help meet immediate needs, but also futureproof businesses against continued change.
About the Author
Rebecca Henderson is CEO of Randstad Sourceright. Rebecca brings more than 20 years’ experience in all facets of talent acquisition solutions and technology. With deep insights and progressive perspectives, Rebecca steers Randstad Sourceright’s global development to ensure HR and talent leaders can play a strategic role in driving growth locally, across regions, and globally. Rebecca is a highly regarded leader in the talent management field and was most recently recognized by Staffing Industry Analysts in “The Global Power 100 – Women in Staffing” list.Follow on Twitter More Content by Rebecca Henderson